Tag Archives: u.s. unemployment

U.S. July Jobs Numbers are Dreadful

Even though the latest economic data show that the contraction during the Great Recession was slightly less severe than previously reported, it remains the largest decline since quarterly data became available in 1947. Cumulatively, real GDP fell by 4.3% during the recession. Moreover, the jobs lost then have never been recovered. Continue reading

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U.S. Unemployed Far Outnumber Job Openings

The April Job Openings and Labor Turnover Survey (JOLTS) released last week by the U.S. Bureau of Labor Statistics shows that job openings fell by 118,000 in April to only 3.8 million. Job openings have seen little improvement during the last year and remain depressed. In 2007, there were 4.5 million job openings each month. April’s rate of 3.8 million is more than 16% below the levels before President Bush’s Great Recession took hold. Continue reading

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U.S. Trade Deficit with Korea Highest on Record under FTA

The U.S. trade deficit with South Korea reached its highest level in history just ten months into the controversial trade agreement, according to the latest data released by the U.S. International Trade Commission. During January the deficit with South Korea was at -$2.4 billion — the largest monthly deficit with Korea on record. Continue reading

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Jobless Recovery as U.S. Employment Barely Grows in March

Some independent estimates have the real U.S. unemployment levels at 14% or more, as politicians in a dysfunctional Washington try to cast the blame on the other party. One thing is certain; unemployed do not increase revenues via payroll or social security taxes, at a time of soaring deficits. Continue reading

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U.S. Unemployment Epidemic Continues at 9% in October

This means that coupled with underemployed and those discouraged from looking for work, more than 25 million people are not contributing what they could and want to add to the economic prosperity of local, state and national communities. Continue reading

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Labor Demand Down Again, Continuing Unemployment Trend

nline advertised vacancies were down 43,500 in September to 3,947,100, according a Conference Board study released today. The September drop follows a decline of 164,000 in August and a decrease of 217,000 in July. The Supply/Demand ratio stands at 3.50, meaning there were 3.5 unemployed for every online advertised vacancy in August, the latest monthly data available for unemployment. Nationally, there are 10 million more people officially unemployed (9.98 million) than advertised vacancies under the “no jobs” Obama Administration. Continue reading

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GM and SAIC to Develop New Electric Vehicle in China with U.S. Taxpayer Supported GM’s EV Knowledge and Technology

“The policy is not written, but the pressure is real,” said Mike Dunne in an interview with AutoInformed. “All the western automakers have the same story – GM, Volkswagen, Ford – all have now reluctantly agreed to do so as a condition of further market expansion.” Continue reading

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GM Board Meets in China. New Investment Coming Tomorrow?

At about the same time the UAW reveals details of its new contract with GM tomorrow U.S. media, General Motors Vice Chairman Steve Girsky will be holding a conference call for media from Shanghai.

The latest communication from GM will likely detail plans for further job creation via new investment in China, GM’s and the world’s largest automarket. Continue reading

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